The same situation I explained in the Polkadot (DOTUSD) trade idea, is taking place here.
The simplified repeated price action pattern has a variation on the LINKUSD (Chainlink) chart, instead of a higher low this year compared to last, we get a lower low which changes nothing.
Chainlink produced a lower low in June 2023 vs December 2022.
We have a strong bullish wave followed by a correction that is now leading to a new bullish wave phase.
The confirmation here comes in the form of the EMA50 indicator.
First, LINKUSD broke above it last month and now it has been tested as support and it holds. Trading above it opens the doors for sudden/fast growth.
The consolidation has been going for a while now, I think we only have a few days left before everything shoots up. The easy target is 78% on this one, more in the long-term of course.
Namaste.
The simplified repeated price action pattern has a variation on the LINKUSD (Chainlink) chart, instead of a higher low this year compared to last, we get a lower low which changes nothing.
Chainlink produced a lower low in June 2023 vs December 2022.
We have a strong bullish wave followed by a correction that is now leading to a new bullish wave phase.
The confirmation here comes in the form of the EMA50 indicator.
First, LINKUSD broke above it last month and now it has been tested as support and it holds. Trading above it opens the doors for sudden/fast growth.
The consolidation has been going for a while now, I think we only have a few days left before everything shoots up. The easy target is 78% on this one, more in the long-term of course.
Namaste.
Uwaga
Bullish breakout confirmed.Additional growth absolutely possible.
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💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6132
🏆 FREE Trade-Numbers
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6132
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6132
🏆 FREE Trade-Numbers
anandatrades.com
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.